Small-cap stock from the Auto Sector, hit a 52-week high after signing an MoU with BOE Varitronix Limited, Hong Kong

DSIJ Intelligence-1 / 17 Sep 2025/ Categories: Mindshare, Trending

Small-cap stock from the Auto Sector, hit a 52-week high after signing an MoU with BOE Varitronix Limited, Hong Kong

The stock is up by 85.2 per cent from its 52-week low of Rs 809.50 per share.

On Wednesday, the shares of S.J.S Enterprises Ltd jumped 4.4 per cent and made a new 52-week high of Rs 1,500 per share from its previous closing of Rs 1,436.90 per share. The shares of the company saw a spurt in volume by more than 1.5 times on the BSE.

S.J.S. Enterprises Ltd. has signed a Memorandum of Understanding (MoU) with Hong Kong-based BOE Varitronix Limited (BOEVX) to collaborate on the manufacture of automotive displays in India. The primary purpose of this agreement is for BOEVX to transfer technology to S.J.S., enabling the company to establish facilities for the assembly and optical bonding of display screens for the four-wheeler automotive market. This includes the localisation of key components such as cover glass and backlight units, which will enhance domestic manufacturing capabilities.

The MoU is currently valid for a period of six months and may be extended by mutual agreement. The collaboration is contingent upon a successful feasibility study and the granting of necessary approvals. Depending on the outcome, the two parties may formalise their arrangement through a Technical Assistance Agreement or a joint venture. This partnership aims to leverage BOEVX's technological expertise and S.J.S.'s operational capabilities to meet the growing demand for advanced automotive display solutions in the Indian market.

DSIJ’s 'Tiny Treasure' service recommends researched Small-Cap stocks with Inherent Growth Potential. If this interests you, download the service details here.

About the Company

SJS Enterprises Ltd (SJS) is one of the leading players in the Indian decorative aesthetics industry in terms of revenue. It offers a design-to-delivery aesthetics solutions provider with the ability to design, develop and manufacture a diverse product portfolio for a wide range of customers primarily in the automotive and consumer appliance industries.

The stock is currently trading at a PE of 37 whereas the industry PE is 28, with an ROE of 19 per cent & a ROCE of 23 per cent. The stock is up by 85.2 per cent from its 52-week low of Rs 809.50 per share.

Disclaimer: The article is for informational purposes only and not investment advice.